M&A Activity • May 25, 2015
M&A Activity
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Paris, 25/05/2015
Nexity has been informed that CE Holding Promotion (Groupe BPCE) has sold 5.5 million shares representing 10.2% of Nexity's share capital, on the basis of a sale price of €35.5 per Nexity share ex-dividend 2014, to two major French institutional investors – Crédit Agricole Assurance (through its subsidiary Predica) and Crédit Mutuel Arkéa – as well as 290,000 shares representing 0.54% of the company's share capital to New Port SAS, a company chaired by Alain Dinin, Nexity's Chairman and CEO, and controlled by Nexity's managers, alongside Crédit Mutuel Arkéa. The operation will be completed on 27 May 2015.
Furthermore, New Port has undertaken, subject to financing, to acquire from BPCE up to 802,000 additional shares representing a maximum of 1.48% of Nexity's share capital, at the same share price. This additional acquisition will occur by 8 July 2015 at the latest.
Once these operations are completed, New Port will have individually crossed the threshold of 5% of Nexity's share capital, while the concert group formed by New Port, Crédit Mutuel Arkéa and 188 Nexity key managers and employees would hold about 17.43% of the share capital. New Port has stated that it intends to keep its stake over the long term.
Groupe BPCE, which has 3 representatives on Nexity's Board of Directors, has indicated that it would give up 2 seats in keeping with the reduction of its holding. Nexity's management will propose to its Board of Directors that those vacated seats be offered to a representative of Crédit Agricole Assurances and a representative of Crédit Mutuel Arkéa.
Nexity offers the widest range of advice and expertise, products, services and solutions for private individuals, companies and local authorities, so as to best meet the needs of our clients and respond to their concerns.
Our business lines – real estate brokerage, management, design, development, planning, advisory and related services – are now optimally organised to serve and support our clients. As the benchmark operator in our sector, we are resolutely committed to all of our clients, but also to the environment and society as a whole.
Nexity is listed on the SRD and on Euronext's Compartment A Member of the indices: SBF 80, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All Tradable Ticker symbol: NXI - Reuters: NXI.PA - Bloomberg: NXI FP ISIN code: FR0010112524 ___
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Blandine Castarède - Head of Communication and Brand Strategy / + 33 (0)1 85 55 15 52 - [email protected] Isabelle Sabah - Deputy Head of Communication and Brand Strategy / + 33 (0)1 85 55 13 31 - [email protected] Amélie Laroche-Truong - Head of Investor Relations / +33 (0)1 85 55 15 49 - [email protected]
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